Fresno County Employees' Retirement Association
Institutional investorFresno
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Investment thesis
The Fresno County Employees' Retirement Association (FCERA) is a public pension system administering retirement benefits for employees of its plan sponsors in Fresno County, California.
Source: firm website, verified Oct 3, 2026.
What they invest in
from 1 of 1 portfolio companiesConsumer ×1E-commerce ×1Fintech ×1FoodTech ×1Logistics & Supply Chain ×1Marketplaces ×1
HQs:Colombia×1
Investments · 1 tracked
founders shown can be your intro pathRappi is a delivery and logistics platform that connects merchants and delivery partners with millions of users across multiple countries in Latin America, offering immediate delivery services and payment opportunities for couriers.
ConsumerE-commerceFintechFoodTechLogistics & Supply ChainMarketplacesBogotá, CO
Simon Borrero(CEO)inSebastian Mejia(Founder)inFelipe Villamarin(Founder)inSimón Borrero(Founder)inFelipe Villamarina(Founder)Felipe Villamarín(Founder)
Co-investorsAndreessen HorowitzARTFO Holdings LLCBase PartnersDVCFJ LabsFloodgate+45 more
Fund commitments · as a limited partner · 31
as of Dec 2019Private-fund positions this organization discloses in its own public filings and reports — $624M committed, $261.9M reported NAV. Returns are this LP's own position, net of fees.
| Fund | Manager | Vintage | Committed | NAV | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|---|---|
| Hamilton Lane Private Equity Fund IX L.P. | Hamilton Lane | 2016 | $100M | $82.3M | 17.3% | 1.40x | — |
| Hamilton Lane Secondary Fund IV, L.P. | Hamilton Lane | 2017 | $75M | $57.1M | 19.2% | 1.20x | 0.27x |
| Hamilton Lane Private Equity Fund VI, L.P. | Hamilton Lane | 2007 | $70M | $18.9M | 9.4% | 1.60x | — |
| Warburg Pincus Private Equity Fund XII, L.P. | Warburg Pincus | 2011 | $34M | $37.5M | 13.3% | 1.30x | — |
| Horsley Bridge XI Growth Buyout L.P. | HORSLEY BRIDGE VENTURE | 2016 | $30M | $20.1M | 10.2% | 1.20x | — |
| Landmark Equity Partners XIV, L.P. | Landmark Partners | 2008 | $30M | $4.7M | 9.7% | 1.30x | — |
| Warburg Pincus Private Equity VIII, L.P. | Warburg Pincus | 2001 | $25M | $90.4K | 14.5% | 2.20x | — |
| Warburg Pincus Private Equity X LP | Warburg Pincus | 2007 | $25M | $7.2M | 8.9% | 1.70x | — |
| Blackstone Capital Partners IV, L.P. | The Blackstone Group | 2001 | $20M | $513K | 29.6% | 2.40x | — |
| Warburg Pincus Equity Partners, L.P. | Warburg Pincus | 1998 | $20M | $78.8K | 10.3% | 1.70x | — |
| New Mountain Partners III LP | New Mountain Capital | 2007 | $15M | $11.7M | 13.6% | 2.10x | — |
| Aurora Equity Partners VI, L.P. | Aurora Equity | — | $10M | — | — | — | — |
| Avista Capital Partners IV, L.P. | Avista | 2018 | $10M | $9M | 31.2% | 1.20x | 0.44x |
| Avista Capital Partners V, L.P. | Avista | — | $10M | — | — | — | — |
| Gridiron Capital Fund IV, L.P. | Gridiron Capital | 2019 | $10M | — | — | — | — |
| H.I.G. Growth Buyouts & Equity Fund III | H.I.G. Capital | 2018 | $10M | $79.4K | -74.0% | 0.30x | — |
| HGGC Fund IV, L.P. | HGGC | 2019 | $10M | — | — | — | — |
| Insight Partners XI, L.P. | Insight Partners | 2020 | $10M | — | — | — | — |
| JFL Equity Investors V, L.P. | Jfl | 2020 | $10M | — | — | — | — |
| NewQuest Asia Fund IV, L.P. | NewQuest Asia | — | $10M | — | — | — | — |
| Platinum Equity Capital Partners V, L.P. | Platinum | 2019 | $10M | $25.8K | — | 0.80x | — |
| SK Capital Partners Fund V, L.P. | SK Capital Partners | 2018 | $10M | $2.8M | -1.7% | 1.00x | 0.00x |
| SK Capital Partners Fund V, L.P.1 | SK Capital Partners | 2018 | $10M | $1.3M | -3.1% | 0.96x | — |
| TPG Partners VIII, L.P. | TPG | 2019 | $10M | — | — | — | — |
| Cinven Seventh Fund | Cinven | 2020 | $8.6M | — | — | — | — |
| Kelso Investment Associates X, L.P. | Kelso | 2018 | $7.5M | $1.4M | 8.4% | 1.00x | 0.01x |
| Platinum Equity Small Cap Fund, L.P. | Platinum Equity Small | 2018 | $7.5M | $795.8K | -57.6% | 0.60x | 0.04x |
| Thomas H. Lee Equity Fund VIII, L.P. | Thomas H. Lee Partners | 2018 | $7.5M | $2.1M | 106.3% | 1.30x | 0.08x |
| Verdane Capital X AB | Verdane | 2019 | $7.1M | $949.1K | 78.9% | 1.80x | — |
| ZMC III, L.P. | Zmc | 2020 | $6.8M | — | — | — | — |
| K4 Private Investors, L.P. | K4 Private | 2018 | $5M | $3.3M | 3.1% | 1.00x | 0.00x |
Source: FCERA PE Report 2019-12-31. TVPI = total value / paid-in; DPI = distributions / paid-in.
Frequently asked questions
- Where is Fresno County Employees' Retirement Association located?
- Fresno County Employees' Retirement Association is headquartered in Fresno, US.
Media · Podcasts & interviews
from their channelLunch and Learn Webinar: Cost of Living Adjustment 2/13/24
Fresno County Retirement
Lunch and Learn Webinar: Preparing for Retirement 12/14/23
Fresno County Retirement
FCERA Prepare Today
Fresno County Retirement
FCERA Lunch and Learn Webinar Preparing for Retirement 12/15/22
Fresno County Retirement
Lunch and Learn Webinar Benefit Options November 3, 2022
Fresno County Retirement
Lunch and Learn Webinar:Service Credit Purchase 8/18/22
Fresno County Retirement







